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Thejo Engineering Ltd IPO (Thejo Engineering IPO) Detail

Sep 4, 2012 - Sep 6, 2012

Thejo Engineering Ltd is an Engineering Solutions provider for Bulk Material Handling, Mineral Processing and Corrosion Protection to the Core Sector Industries like mining, power, steel, cement, ports, fertilizers etc. Company's services include belt conveyor maintenance and operations.

Company's corporate office and manufacturing units are located in Chennai and they have a wide network of branch and site offices across 14 states. Thejo's international presence through partnerships and distribution network extends across Australia, kingdom of Saudi Arabia, the USA, Germany, Chile, Brazil and Ghana.

Company Promoters:

The Promoters of the company are:

1. Mr. K.J. Joseph
2. Mr. Thomas John

Objects of the Issue:

The object of the issue are to:

1. Setting up a poly-urethane unit at Chennai;
2. Expansion of existing facility at Chennai;
3. Setting up R&D Unit at Chennai;
4. Setting up a lining plant at Chennai;
5. Investment in Australian Subsidiary, Thejo Australia Pty Ltd; and
6. General corporate purposes.

Issue Detail:

  »»  Issue Open: Sep 4, 2012 - Sep 6, 2012
  »»  Issue Type: 100% Book Built Issue IPO
  »»  Issue Size: Equity Shares of Rs. 10
  »»  Issue Size: Rs. 19.00 Crore
  »»  Face Value: Rs. 10 Per Equity Share
  »»  Issue Price: Rs. 402 - Rs. 430 Per Equity Share
  »»  Market Lot: 300 Shares
  »»  Minimum Order Quantity: 300 Shares
  »»  Listing At: NSE SME

Thejo Engineering IPO Grading

CRISIL has assigned a CRISIL SME fundamental grade of ‘SME 5/5’ (pronounced "SME five on five") to the proposed IPO of Thejo Engineering Ltd (Thejo). This SME fundamental grade indicates that the fundamentals of the company are excellent compared to other SMEs in India. CRISIL assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read Thejo Engineering IPO Report

Thejo Engineering IPO Reviews:

  1. Thejo Engineering Ltd IPO review by Dilip Davda
  2. Thejo Engineering Ltd IPO review by K.M. Global Financial Services Ltd

Issue Subscription Detail / Current Bidding Status

Number of Times Issue is Subscribed (BSE + NSE)
As on Date & TimeQIBNIIRIITotal
Shares Offered / Reserved229,80081,900161,100472,800
Day 1 - Sep 4, 2012 17:00 IST1.00000.23000.04000.5400
Day 2 - Sep 5, 2012 17:00 IST1.00000.28000.13000.5800
Day 3 - Sep 6, 2012 17:00 IST1.00000.91002.61001.5300

Thejo Engineering IPO Prospectus

Thejo Engineering IPO Rating

2
4.0
Rating:Rated 4.0 stars

Vote Here ...

Thejo Engineering IPO Listing Date

  •   ›  Listing Date: Tuesday, September 18, 2012
  •   ›  BSE Script Code:
  •   ›  NSE Symbol: THEJO
  •   ›  Listing In:
  •   ›  Sector: Engineering
  •   ›  ISIN: INE121N01019
  •   ›  Issue Price: Rs. 402.00 Per Equity Share
  •   ›  Face Value: Rs. 10.00 Per Equity Share

Listing Day Trading Information

NSE SME
Issue Price:Rs. 402.00
Open:Rs. 403.00
Low:Rs. 403.00
High:Rs. 403.00
Last Trade:Rs. 403.00
Volume:2,100

Thejo Engineering IPO News Alerts

  1. Sunday, September 16, 2012 12:51:32 AM
    IPO Listing - Thejo Engineering Ltd
  2. Thursday, September 13, 2012 10:40:09 PM
    IPO Allotment - Thejo Engineering Ltd
  3. Wednesday, August 29, 2012 12:42:48 PM
    Upcoming IPO - Thejo Engineering Ltd

Company Contact Information

Thejo Engineering Ltd
Aysha Building,
2nd floor, 41, Whites Road,
Chennai 600 014, Tamil Nadu
Phone: 91 44 4392 1900
Fax: +91 44 28522547
Email: investor@thejo-engg.com
Website: http://www.thejo-engg.com

Thejo Engineering IPO Registrar

Cameo Corporate Services Limited   »  Report
   Cameo Corporate Services Ltd.,
   Subramanian Building # 1, Club House Road,
   Chennai 600 002 - India

Phone: +91-44-28460390
Fax: +91-44-28460129
Email: thejo@cameoindia.com
Website: http://www.cameoindia.com

Thejo Engineering IPO Lead Manager(s)

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Thejo Engineering IPO Review / Comments

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58. seenuipo  Nov 11, 2012 11:31:31 AM IST Reply
when is the regular trading activity in thejo Engg,It was not known to general retail investor like me,that, only call auction will be held until further advice.It is blocking of money for long time.Very bad luck.
The analyst(full time) who is recommending this stock for apply is also might not know this information.
But as usual one of our friend analyzed that the issue which are not recommended are doing well and those recommended are either even not listed or quoting below issue price.
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57. T.Dilip  Oct 12, 2012 12:35:22 PM IST Reply
THEJO ENGINEERING KA FAIR VALUE RS 500 HAI
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56. C.A  Sep 26, 2012 10:43:02 AM IST Reply
When 95% ipo/fpo,s are giving huge negative return,the question is which type of investor,s apply ipo/fpo , I think only fools. Surway shows that 97% retail investor,s are loser in primary and secondary market look last 5 year,s ipo/fpo performance.
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55. REAL INVESTOR  Sep 26, 2012 10:10:11 AM IST Reply
Don''t apply 5 rating issues go for 1 or 2 rating like max alert.5 rating means garanted negative return .1 or 2 rating means high chanches of bumper listing.think before u invest bcs of money is your not rating agencies
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54. C.A  Sep 25, 2012 9:15:32 PM IST Reply
My dear if indian rating agencies gives 5 rateing its mean defalt rating look MOIL,L&T FIN, all are 5 rating but trading in discount in so high market, it will avelabel below 100 it is a junck ipo.
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53. AJAY LAL  Sep 25, 2012 11:27:16 AM IST Reply
I would like to sell my holding of 300 shares. What is the procedure. Is delivery of shares applied in call auction trading.
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52. Udaipur IPO mastana  Sep 24, 2012 6:02:01 PM IST Reply
I sold my 300 shares @ 360 today .
put sell order between 110 to 1158. Call auction rate will be decided between 1158 to 1200 and trade settelled accordingly.
Ask him to keep his stock price upto issue price by placing enough buy orders ...
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51. AJAY LAL  Sep 24, 2012 5:30:14 PM IST Reply
Can Retail investor can sell share of Thejo Engineering in call auction trading.
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50. Udaipur IPO mastana  Sep 24, 2012 3:58:44 PM IST Reply
Retail investors may contact to Mr.M.D.Ravikanth, compliance officer THEJO _IPO on 09677044714(mob) and 04442221900(o) for any grievences.
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49. Udaipur IPO mastana  Sep 24, 2012 3:55:33 PM IST Reply
I have applied in Thejo Engineering IPO (INE121N01019) and got
allotment. At the onit’s really difficult to understand the working of this
platform. The system has made the the script (read Thejo here) very
illiquid. How does the retail investor get in/out of the script, when there is no
trading and no visible actual quotes? People are used to see continuous
trading and a system like call-auction serves what purpose is really difficult
to understand. Why normal trading is not done in the script. Look at what
has happened to a company for which rating agency have given 5 o/o 5. no
buyers no sellers that to at the time when it has just got listed, what will
happen of it later on is anybody‘s guess. Most brokers and people
connected to the market are clueless as to what is going on. I read on
NSE-SME site that the company has to give a notice of one month to
change trading from one market type to another why such a long notice
period. To sum it this platform is not for retail investors and it is for whom
that too is not clear except that the promoter of the company raised the
capital for the expansion/of the company. The whole system serves
what purpose is not known. Why normal trading in the scrip is not allowed?
On the top of it the trading lot and application lot at the time of IPOs too has
been kept so large that poor retail will not even think of buying, selling or
applying. The company also didn’t mention in its ASBA physical application
form on page 3 under the head of LISTING that the equity will be listed in
Call Auction segment. They only described about listing on the SME
platform of NSE. The system must have been formed by the best people of
the industry but I feel it has left too much to be desired. Of course my
concern is largely becaI too have been allotted shares in the Thejo
Engineering IPO (INE121N01019) and however with due regards to the
makers of this system I feel horribly stuck and in fact cheated by the
system.
We all poor retail investors participated in your IPO due to strong
recommendation from our stock broker saying about strong fundamentals
of the company. Where are the promoters, registrar, and rating agency
CRISIL who given 5/5 rating to such company, who is unable to keep
the stock price at the lower band of issue price. We all poor retail
investors are cheated by seeing high rating 5/5 of your company. There is
lack of transparency, volume and clarity in call auction system of NSE.
Many of our friends also having shares of Thejo Engineering IPO
(INE121N01019) and want to exit at any cost due to panic conditions. How
will the NSE-SME exchange can boost the confidence of retail investors?
Only opening ceremony by Honorable Finance Minister on 18.09.12 is not
enough in this reference. Retail investors need protection of their hard
earned money invested in such SME companies to certain extend. Such
type of huge losses will definitely kill the confidence of retail investors.
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48. live lovelaugh  Sep 23, 2012 12:24:56 PM IST Reply
i have been allotted 300+300 shares and my applications were based on 5/5 rating and good fundamentals of the company and i still maintain it that it is a very excellent company.
no investor would have applied had it known that trading will be only for ONE HOUR and that too in a totally new and troublesome method of CALL AUCTION where investors participation /knowledge is very poor and thats why so pathetic volumes.
learned that it is the co who decides where the share must be traded and a notice of one months or so is required to change the trading from call auction to normal sme trading if it exist on nse.MORE INFORMATION AND SOME representation by we investors TO COMPANY ON THIS ASPECT is a right thing if normal trading is possible which i am not sure as this is first issue on nse sme emerge.
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48.1. live lovelaugh  Sep 23, 2012 12:36:21 PM IST
Stocks having debuted on the leading bourse BSE''s SME platform this year seems to be generating significant interest from investors, as six of them have given positive returns since listing and the seventh one is trading with just a modest loss.

BSE launched its SME platform for small and medium enterprises earlier this year in March and since then seven companies have got listed in this segment.

The SME platform of BSE''s larger rival NSE, named Emerge, also became operational last week with the listing of first company, Thejo Engineering, in this segment.

At the BSE''s SME platform six out of seven stocks are trading above their respective issue prices, while shares of one company, Jointeca Education Solutions, is trading nearly two per cent below its initial public offer (IPO) price.

The stocks trading with significant gains include non-banking finance company BCB Finance (402 per cent), Max Alert Systems (183 per cent) and web infomedia company Jupiter Infomedia (18.25 per cent).

Besides, housing finance firm SRG Housing Finance, cosmetic surgery and skin care services firm Monarch Health Services, and financial services firm Sangam Advisors are trading with gains of 5 per cent, 0.75 per cent and 0.45 per cent, respectively.
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47. seenuipo  Sep 21, 2012 5:37:37 PM IST Reply

Dilip Dhavda Sab,

You told to not to all new IPOs from last 10 IPO and recommended to apply Thejo Engg but the market show is exactly reverse to your view.
There is no clarity on what is going on from the listing date in this IPO. Somebody say call action going on for one hour and further nothing.
Kindly let me know, when the regular trading will start. I applied after seeing your recommendation on this IPO and not applied the SRG housing after seeing your analysis but SRG is rocking.
Sir,
You have explained by comparing some other listed stocks with PE ratio. Please tell me why other companies are trading at different PE multiples. You cannot tell this becathe PE multiples are build on future growth of the company rather than present earnings.
In the same way if you know future prospectus of the company explain that and likely PE multiple .That may be useful to this forum becathe market will not run on the simple mathematics.

Thank you if I am clear.
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46. mahesh bhat  Sep 21, 2012 12:09:03 PM IST Reply
THEJO DOWN 10% today at 360..... highest volume seen in three days
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45. IPO SHOKHIN  Sep 20, 2012 2:59:40 PM IST Reply
HV SPOKEN TO NSE-EMARGE ABT NORMAL TRADING OF THEJO BUT THEY SAID THERE WILL BE ONLY CALL - AUCTION AND IF COMPANY ASK FR NORMAL TRADING THEN THERE WILL BE NORMAL TRADING OTHERWISE ALL RETAIL INVESTOR WHO BELIVE THAT THIS WILL BE A BUMPER LIST NOW THEY CAN SEE THAT THEY BECOME FULL N SEE UPTO WHAT LEAVEL IT GO TO DISCOUNT ? ENJOY WHO HAVE ALLOTED
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44. AJAY LAL  Sep 20, 2012 12:17:14 PM IST Reply
Kindly let us know the trading time in normal market.
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43. AJAY LAL  Sep 20, 2012 12:16:08 PM IST Reply
Can anybody tell us, when Thejo Engineering shares listed in normal market. My broker unable to give correct information.
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42. ahmedabadking  Sep 20, 2012 10:18:11 AM IST Reply
why all of you are just looking for listing gain. Hold the company for few quarters and then see its price. At least it has not listed below its ipo price.
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41. live lovelaugh  Sep 19, 2012 1:15:36 PM IST Reply
listed 0n 18 th in CALL AUCTION segment of stock exchange and the timings are ONLY ONE HOUR DAILY from 11 to 12.total volume on listing day was just 2100 shares(7 trading lot )@rs 403 per share.
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40. santonu  Sep 19, 2012 11:51:55 AM IST Reply
Stock was supposed tro be listed on NSE SME platform on 18th. Whether it got listed and what''s the present price
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39. Vishal Garg  Sep 18, 2012 4:13:51 PM IST Reply
I have one qustion from NSE how its possible at the time of Listing NSE has permit ofr Call Auctin but it was not mention at the time of when we are offering. Its bad rules and regulation.....






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